Keyu Jin is the author of "New China Playbook: beyond Socialism and Capitalism," and a professor of Economics at HKUST and visiting scholar at Harvard University.
Nation, like Japan, must evolve into consumption-driven powerhouse

A view of unfinished residential buildings developed by China Evergrande Group in the outskirts of Shijiazhuang, Hebei province, China, in February 2024. © Reuters
Keyu Jin is the author of "New China Playbook: beyond Socialism and Capitalism," and a professor of Economics at HKUST and visiting scholar at Harvard University.